Category: Blog

Photovoltaic Industry Faces Price Pressures but Sees Strong Long-Term Prospects Photovoltaic Companies Struggle with Overcapacity and Price Drops At the recently held 2024 Photovoltaic Market Development Forum, China photovoltaic (PV) component company highlighted the industry’s current challenges. “A PV module workshop with an annual capacity of 1 GW, employing 230 workers continuously for a month,…

In the first quarter of 2024, China lithium battery industry showed signs of a downturn, with many companies experiencing a “Waterloo” in their performance in the stock market. For instance, EVE battery (300014.SZ) reported revenue of 9.317 billion yuan, down 16.70% year-on-year, with a net profit of 1.066 billion yuan, down 6.49% year-on-year. Similarly, Tianqi…

Tesla Shanghai Battery Storage Gigafactory is set to achieve mass production in the first quarter of 2025. The initial phase of the energy storage gigafactory is planned to produce 10,000 units of commercial energy storage batteries annually, with a total storage capacity of nearly 40 gigawatt-hours (GWh). Each commercial energy storage battery can store over…

Despite Hungary’s population less than 10 million and a land area of 93,000 square kilometers, Hungary has managed to attract a significant amount of investment from top China battery manufacturers. “Hungary on the Way to Become the Second Largest Producer of Electric Batteries” This statement was made by Péter Szijjártó, Hungary’s Minister of Foreign Affairs…

On April 28th, Hoymiles energy released its annual report for 2023. During the reporting period, Hoymiles achieved operating income of 20.26 billion yuan, a year-on-year increase of 31.86%; the non-recurring net profit attributable to shareholders of the listed company was 5.27 billion yuan, a year-on-year increase of 2.23%; research and development investment reached 2.48 billion…

From January to March 2024, China’s cumulative export quantity of lithium-ion batteries was 883 million units, compared to 834 million units during the same period in 2023, representing a year-on-year increase of 5.9%. The cumulative export value of lithium-ion batteries from January to March 2024 was $13.197 billion, compared to $15.977 billion during the same…

Gotion means ‘go innovation’ which is one of the best manufacturer for lithium batteries, Gotion battery cell is excellent, it used for EV and Solar over the world Gotion High-tech Releases Annual Report for 2023: Impressive Growth in Operating Income and Profit Gotion High-tech released its annual report for 2023, showcasing significant growth in various…

As the solar industry growing quickly, now chinese solar companies starting to the niches of container energy storage, 300AH battery cell already matured in the market, 500AH or even 800AH battery cell is ready, and will come to the solar market before long The best China solar container companies BYD MC Cube-T, the next-generation Rubik’s…

Solar hybrid inverter is the heart of solar system, now it is not a strange word for us, but there are still some parameters worthy of deeper understanding. We selects 4 parameters that are easily overlooked but are crucial for selecting the right hybrid inverter. We hope you can get a best hybrid inverter after…

April 9th 2024, CATL released the world’s first energy storage system with zero attenuation for 5 years and can be mass-produced on a large scale – Tianheng. CATL Tianheng Energy Storage System (hereinafter referred to as the Tianheng Energy Storage System) integrates “5 years zero attenuation, 6.25 megawatt-hour level, multidimensional true safety” in one, accelerating…